Tex. Labor Code Section 203.021
Unemployment Compensation Fund; Separate Accounts

(a)

The unemployment compensation fund is a special fund.

(b)

The compensation fund consists of:

(1)

contributions collected under this subtitle;

(2)

interest earned on money in the compensation fund;

(3)

property or securities acquired through the use of money in the compensation fund;

(4)

earnings of property or securities described by Subdivision (3);

(5)

amounts recovered for losses sustained by the compensation fund; and

(6)

other money received for the compensation fund from any other source.

(c)

Money in the compensation fund shall be mingled and undivided.

(d)

The comptroller shall maintain in the compensation fund:

(1)

a clearing account;

(2)

a federal trust fund account; and

(3)

a benefit account.

(e)

Money in the compensation fund may not be transferred to the:

(1)

Texas Enterprise Fund created under Section 481.078 (Texas Enterprise Fund), Government Code; or

(2)

Texas emerging technology fund established under Section 490.101 (Texas Emerging Technology Fund), Government Code.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1423, Sec. 12.03, eff. Sept. 1, 1997.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1297 (H.B. 2457), Sec. 12, eff. September 1, 2011.

Source: Section 203.021 — Unemployment Compensation Fund; Separate Accounts, https://statutes.­capitol.­texas.­gov/Docs/LA/htm/LA.­203.­htm#203.­021 (accessed May 18, 2024).

203.001
Definitions 203.002
Duties of Comptroller 203.003
Comptroller’s Bond Liability 203.004
Deposit of Funds 203.005
Application of Other Law 203.021
Unemployment Compensation Fund 203.022
Composition and Use of Clearing Account 203.023
Requisitions from Federal Trust Fund 203.024
Deposits 203.025
Use of Requisitioned Money 203.026
Accounts from Which Benefits and Refunds Are Paid 203.027
Unexpended Balance of Benefit Account 203.028
Solvency of Compensation Fund 203.029
Refund of Contributions to Federal Instrumentality 203.030
Reimbursement from or to Compensation Fund Under Reciprocal Arrangement 203.031
Nonliability of State 203.032
Management of Compensation Fund on Discontinuance of Federal Trust Fund 203.101
Limit on Application for Advance 203.102
Obligation Trust Fund 203.104
Limitation on Transfer from Obligation Trust Fund to Compensation Fund 203.105
Unemployment Obligation Assessment 203.151
Administration Fund 203.152
Use of Administration Fund 203.154
Reimbursement of Administration Fund 203.201
Special Administration Fund 203.202
Use of Special Administration Fund 203.203
Refund of Penalties 203.251
Findings and Purpose 203.252
Definitions 203.253
Request for Bond Issuance 203.254
Issuance of Bonds by Authority 203.255
Bond Proceeds 203.256
Repayment of Commission’s Financial Obligations 203.257
Bond Payments 203.258
Excess Revenue Collections and Investment Earnings 203.259
State Debt Not Created 203.260
State Not to Impair Bond Obligations 203.261
Exemption from Taxation 203.262
No Personal Liability
Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 203.021’s source at texas​.gov